EUR/JPY remains under heavy pressure below the 123.00 level. Interim support aligns at the 100-day SMA at 122.18. EUR/JPY extends further the downtrend and is flirting with the key contention area in the 122.90/80 band on Tuesday. The bearish impulse remains well in place and forced the cross to record fresh 2-month lows in the mid-122.00s at the beginning of the week. If the cross breach this area on a sustainable basis, then the next support comes in around 122.20, where is located the 100-day SMA. Further south emerges the more significant contention in the 200-day SMA, today at 120.86. Below the 200-day SMA the outlook on the cross is expected to shift to bearish. EUR/JPY daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China’s Premier Li: Will take time for consumption to return to normal growth FX Street 1 year EUR/JPY remains under heavy pressure below the 123.00 level. Interim support aligns at the 100-day SMA at 122.18. EUR/JPY extends further the downtrend and is flirting with the key contention area in the 122.90/80 band on Tuesday. The bearish impulse remains well in place and forced the cross to record fresh 2-month lows in the mid-122.00s at the beginning of the week. If the cross breach this area on a sustainable basis, then the next support comes in around 122.20, where is located the 100-day SMA. Further south emerges the more significant contention in the 200-day SMA, today at 120.86.… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
